What is an Employer of Record?
An Employer of Record (EOR) is a third party company that takes on the responsibility of employment tasks on behalf of another – usually overseas. It allows an organisation to create offshore teams handling specific functions for their company without having to set up a local entity – and without the liabilities and risks that come with it such as local employment laws.
Eastvantage can tailor-fit solutions perfect for the requirements that a client may need on any project. You can read all about our delivery models on our outsourcing solutions page. If an Employer of Record is what you are looking for, we can provide that solution for you and we will assume responsibility for all your employment needs – serving as the employer for tax purposes with the employees performing business functions for your organisation.
The EOR arrangement is the most basic delivery model that Eastvantage offers. Even then, the service scope is quite broad and you can customise it based on your needs. We will be responsible for personnel functions to be agreed upon with the client who ultimately retains control over its business operations. With our employer of record service, we can provide an end-to-end solution to take care of any personnel functions encompassing a broad array including:
- Payroll Processing
- Visa Services
- Consolidated Invoicing
- Legal Benefits
- Government Statutory Management
- Tax and Employment Compliance
- Risk Management
- Time and Expense Management
- Worker’s compensation
- Bonus and Incentive schemes
- HMO management
Benefits of our EOR service
Our EOR is an effective solution to outsource personnel functions that can potentially save you hours and resources that you can use for more important business functions. Making Eastvantage your choice of Employer of Record also means the added benefits of:
- Compliance – you won’t have to worry about learning about any tax or labor laws as we value and make sure that we are in compliance with any applicable law.
- Cost-Effectiveness – with relatively cheaper salary rates in the Philippines compared to western countries.
- Reduced Liability – as Eastvantage will take care of the employee’s welfare. This includes social and health insurances mandated by the government as well as HMOs .
Eastvantage is ready with the new agile workforce model which enables you to hire the best staff anywhere in a variable and flexible way. Our decade-long service makes us an expert in the outsourcing industry in the Philippines – with dozens of clients in different industries from the USA, Europe, Australia, and Asia. We also specialise in a wide array of job categories including industrial, engineering, professional, consultants, and IT. This can be seen as well in our Areas of Expertise and Success Stories.
Eastvantage’s flexible delivery models allow you to choose the best solution for your requirements. Visit our solutions page and see the different delivery models we offer, including our Professional Employer Organization, Busines Process Oursourcing, or our end-to-end Build-Operate-Transfer model. Contact us and let’s figure out the best solutions for your company’s outsourcing needs.